COLUMBUS, Ohio, Sept. 13, 2021 /PRNewswire/ -- Huntington
Bancshares Incorporated (Nasdaq: HBAN) today announced the
redemption on October 15, 2021 of all
4,000,000 outstanding depositary shares (Nasdaq: HBANN; CUSIP:
446150872), each representing a 1/40th interest in a share of
Huntington's 5.875% Series C Non-Cumulative Perpetual Preferred
Stock, par value $0.01 per
share.
The depositary shares will be redeemed at a redemption price of
$25.00 per depositary share
(equivalent to $1,000 per share of
Series C Preferred Stock). Holders of the depositary shares will
also receive declared and unpaid dividends of $0.36725 per depositary share (equivalent to
$14.69 per share of Series C
Preferred Stock) for the period beginning on July 15, 2021 to, but not including, October 15, 2021. On and after the
redemption date, all dividends on the shares of Series C Preferred
Stock will cease to accrue. The depositary shares are held
through the Depository Trust Company ("DTC") and will be redeemed
in accordance with the procedures of DTC.
About Huntington
Huntington Bancshares Incorporated
(Nasdaq: HBAN) is a $175 billion
asset regional bank holding company headquartered in Columbus, Ohio. Founded in 1866, The
Huntington National Bank and its affiliates provide consumers,
small and middle-market businesses, corporations, municipalities,
and other organizations with a comprehensive suite of banking,
payments, wealth management, and risk management products and
services. Huntington operates more than 1,200 branches in 12
states, with certain businesses operating in extended
geographies. Visit Huntington.com for more information.
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SOURCE Huntington Bancshares Inc.